SPIRIT Price Chart Update [SPIRIT]

The SPIRIT price update as of now is $0.005564. In the previous 24 hours, its trading volume was $13,688, and its value has increased by 0.47%. As of now, SPIRIT's live market cap is $274, and it is ranked as the #1666 on the Coincu. SPIRIT has a circulating supply of 84,000 and a maximum supply of 84,000.

Understanding SpiritSwap

SpiritSwap is a blockchain-based AMM platform built on Fantom's Blockchain. It operates similarly to Uniswap on Ethereum or PancakeSwap on BSC.

On SpiritSwap, Liquidity Providers have the opportunity to provide liquidity to trading pairs and earn trading fees. They can also benefit from the project's Farming programs by receiving additional incentives.

Distinctive Aspects of SpiritSwap

When it comes to platform features, SpiritSwap may not offer any groundbreaking functionalities. It can be considered as a derivative of AMMs like PancakeSwap or Uniswap.

However, SpiritSwap's standout feature lies in being a pioneer within the Fantom ecosystem. Recent data from the Fantom Landscape report demonstrates a remarkable surge in the number of users and transactions on SpiritSwap. This exponential growth establishes a strong foundation for the development of AMMs.

Prior to the launch of SpiritSwap, the Fantom Ecosystem already had AMMs, but they were primarily Cross-chain AMMs like SushiSwap or AnySwap. These AMMs were not exclusive to Fantom and enabled value to flow out of the ecosystem.

As one of the earliest AMMs in the ecosystem (alongside Spooky Finance), SpiritSwap benefits from being a "First Mover". This advantage significantly contributes to its potential success.

Furthermore, the project has received a grant from the Fantom Foundation, indicating that it has the potential to become the leading AMM in the Fantom ecosystem and a significant source of cash flow after FTM.